Is Domo's Growth Already Grinding to a Halt?
Domo (NASDAQ: DOMO) is a divisive stock for investors. The bulls were impressed by the cloud analytics software provider's mobile-first approach, its double-digit revenue growth, and its improving margins. The bears claimed that it faced plenty of bigger competitors and that it was burning through too much cash.
The bulls initially seemed right, as Domo roughly doubled from its IPO price to the low $40s between Sept. 2018 and March 2019. However, Domo's subsequent drop -- which breached its IPO price -- favored the bears. Domo's recent second-quarter report attracted even more bears.
Image source: Getty Images.
Source Fool.com
